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La Tasa de Descuento en Proyectos de Largo Plazo

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Author Info
Gonzalo Edwards () (Instituto de Economía. Pontificia Universidad Católica de Chile.)

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Abstract

This paper estimates the rate of discount to be used in Chile when evaluating long run projects with environmental consequences. The methodology is known as Gamma Discounting and was presented first by Martin Weitzman in the American Economic Review in March 2001.

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File URL: http://www.economia.puc.cl/index/download.asp?id_publicacion=892
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Publisher Info
Paper provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its series Documentos de Trabajo with number 231.

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Date of creation: 2002
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Publication status: Published as "La Tasa de Descuento en Proyectos de Inversión de Largo Plazo", Revista de Análisis Económico, Volumen 17, N° 2, Diciembre 2002.
Handle: RePEc:ioe:doctra:231

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Related research
Keywords: Social Discount Rate; Project Evaluation.;

Find related papers by JEL classification:
H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

References listed on IDEAS
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  1. Martin L. Weitzman, 2001. "Gamma Discounting," American Economic Review, American Economic Association, vol. 91(1), pages 260-271, March. [Downloadable!] (restricted)
    Other versions:
  2. Newell, Richard G. & Pizer, William A., 2003. "Discounting the distant future: how much do uncertain rates increase valuations?," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 52-71, July. [Downloadable!] (restricted)
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  3. Cropper, Maureen & Laibson, David, 1998. "The implications of hyperbolic discounting for project evaluation," Policy Research Working Paper Series 1943, The World Bank. [Downloadable!]
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This page was last updated on 2009-12-8.


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